LESSER MOVES UP TO PARENT OF TJ MAXX

NEW YORK--Richard Lesser, formerly president of T.J. Maxx, has been named chief operating officer of its parent, TJX Cos. This is a new position. Lesser, who continues as an executive vice president of TJX, retains responsibility for the T.J. Maxx and Winners retail businesses and will add responsibility for corporate human services. He joined T.J. Maxx in 1981 as senior vice president and general merchandise manager.
Lesser continues to report to Bernard Cammarata, president and chief executive officer of TJX.
Peter Maich, who was executive vice president of merchandising, marketing, logistics and distribution services at T.J. Maxx, has succeeded Lesser as president of the off-price retailer. Maich continues to report to Lesser, as does David Margolis, president of Winners Apparel Ltd. of Canada. Mark Jacobson, vice president of corporate human services, now reports to Lesser. Jacobson previously reported to Cammarata.
TJX, an off-price specialty apparel retailer, is the operater of some 539 T.J. Maxx stores, 508 Hit or Miss stores and an off-price fashion catalog, as well as 34 Winners family apparel stores that are located in Canada.

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